Headlines discussed at LNWM’s Monday morning briefing:
— The US government’s partial shutdown could extend into 2019, as impasse on funding for border wall continues.
— The Federal Reserve raised its target interest rates another 25 basis points; two more hikes expected in 2019.
— US stocks continued to slide, hitting a 19-month low, on government shutdown and fears of economic slowdown.
— Italy reached agreement with the Eurozone about its 2019 budget, with projected deficit of just over 2% of GDP.
— The index of US consumer sentiment stayed strong into Dec.; best annual reading (average of 98.4) since 2000.
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